Akzo Nobel NV (OTCMKTS:AKZOY) Receives Consensus Rating of “Hold” from Brokerages

Akzo Nobel NV (OTCMKTS:AKZOY) has earned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company.

AKZOY has been the topic of several recent analyst reports. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Sanford C. Bernstein downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Finally, Barclays cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday.

Akzo Nobel Stock Performance

AKZOY opened at $18.18 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The firm has a market cap of $9.34 billion, a PE ratio of 12.89, a P/E/G ratio of 1.22 and a beta of 1.07. The business has a fifty day simple moving average of $22.41 and a 200-day simple moving average of $22.66. Akzo Nobel has a fifty-two week low of $18.04 and a fifty-two week high of $24.52.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. As a group, equities analysts predict that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.